Over the ensuing years the Republican Party abandoned the middle class
and become the party of the wealthy -- the one percent. In the '80s,
Republicans fell under the spell of Reaganomics. Conservative economists
infused American political discourse with three malignant notions:
helping the rich get richer would inevitably help everyone else; markets
were inherently self correcting; and, "government is not the solution
to our problems; government is the problem." Reagan's ideology produced
deregulation, tax cuts for the rich and powerful, and monopoly
capitalism. It resulted in unprecedented income inequality. The American ethos changed from "we're in this together" ("I am my brother's keeper") to "you are on your own."
http://www.alternet.org/economy/ayn-rand-and-republicans?akid=10851.294211.nWAKwv&rd=1&src=newsletter887898&t=7
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